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Conventional Home Loan
Documentation
Depending
on your situation, you will be asked for documentation to support
your income, liabilities, and funds to close. This
documentation will establish your credibility as a borrower, your
ability to repay the conventional home loan and your willingness
to repay the loan.
The
following is a list of documents that will be required by the
lender to process a conventional mortgage as required for a
conventional loan :
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One
full month's worth of paystubs
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Last
2 years W-2's (salaried income) and / or last 2 years tax
returns with all schedules (commission, dividend, rental
income or self-employed borrowers)
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Copies
of social security, pension, and/or retirement award letters
(if applicable)
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Last
three months bank statement for all accounts
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Current
statements for all investment accounts
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Documentation
to support funds to close
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Explanation
for any credit derogatories
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Bankruptcy
and discharge paperwork (if applicable)
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Divorce
decree and any settlement paperwork (if applicable)
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© 1995-2008 Sun Nations Mortgage, Inc. All rights reserved.